Hi,Unique scenario. There is a 2 family we are in talks with acquiring for 200k. The owner is open to seller finance for us. There is a catch - the couple wants to 1031 the funds into their sons next larger project wh...

It took three years and I lost over $200,000 on those deals alone!!

Hmmm, they feed you deals they lend on.

Quote from @Zachary Deal: @Joshua Kavadi As @Zachary Deal and Chris said, you'll need to know that not every deal is a home run or even a triple.

Let's say it is $20,000, so you will need to do 5 deals.2.

But it was our first deal of course we didn’t have our act together and his underwriter said it was an awesome deal.

What made you interested in investing in this type of deal?

Always hard money lenders at the meetups and normally some wholesalers as well.Just remember your best deals are probably not from wholesalers, but the deals you generate yourself. 

With novations, I can offer closer to market value by selling to retail buyers, making it easier to get deals accepted.2.

While it seems like there are some better priced deals lately, you may have to be prepared to put down 30-40% down.I'd say due to the lack of homes for sale, you should be open to many if not most cities depending on the deal that comes up.